March 2022 Net Worth
It’s time!!! The first net worth post in the year 2022. Now, 2022 has been a thing to be sure and the stock market has overall gone down this year. Meanwhile, real estate has gone up. Did our net worth go up or down?
Here’s where we were last time.
Then: December 2021: $557,000/$182,000
At this point, we were riding a high. I set what I thought was an impossible stretch goal for us in 2021 and we made it. It was awesome. The IULS, my 401K, and the IRAs were all maxed out. The mortgage was being paid down. Money was being invested and the stock market was going up. So how are we looking now:
Now: March 2022: $587,000/$187,000
This is an increase of $30,000/$5,000. Honestly, I went into this 100% thinking that it went down given everything going on with the stock market. Every stock-related account we have except my 401K and the IULs went down. The 401K only went up cause I am contributing to it actively. The IULs went up cause they cannot go down. We also have $20,000 less in cash due to putting that as the earnest money deposit for the investment property. I did the math and without looking at the value of the house, our assets only increased by $330.
The house really is the main reason we are positive currently. This is mostly because its value is now about $25,000 higher than last time. I have given up trying to understand this market and am just going with the currents at this point. We also managed to pay down the mortgage a bit to make up the rest of our net worth growth.
Considering that as of now I have only gotten three paychecks since the start of 2022 (yay material & labor shortages), I am calling this a super, awesome win.
Financial Independence Milestone: Still VacayFI
Between just our index funds, employee stocks, and IULs we have over $50,000 invested. I only use these accounts since they are the only ones we have without age restrictions. The IRAs and 401Ks cannot be accessed until we are 59.5 so, we don’t include those in this factor. Although with just my 401K, I should be a millionaire without contributing another penny.
This did not change since it only increased by the aforementioned $330. Actually, it would be less than that if we are only counting the investment accounts without age restrictions. We are just proud to stay in the same place right now. 😊
If you are wondering what the hell I am talking about with this, check out Guac’s awesome post about these particular milestones here.
We went up in net worth!!! Hooray!!! Hope we can do it again. The year goal is $700,000. We are slowly creeping in that direction. 👍🏾
How did you do in quarter one of 2022? Did your net worth go up or down?
Feature Photo by Sergey Shmidt on Unsplash
Hiiiii! Congrats on seeing those numbers continue to rise. Glad things are going well! I think our net worth held steady in Q1 – no dramatic changes.
Thanks! No dramatic change is awesome. I was fully expecting it to be lower. I underestimated real estate yet again.
KILLING IT!! That’s a hell of a progression and I’m very much expecting to see you hit at least another FI milestone sometime this year 😉
Thanks! I am trying to get at least three increases on the Guac scale this year. lol Of course, I am focusing on investment property so we’ll see how it all works out.